Angel Oak Mortgage REIT (NYSE:AOMR - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.16, Zacks reports. The company had revenue of $9.90 million during the quarter, compared to analysts' expectations of $9.90 million. Angel Oak Mortgage REIT had a negative return on equity of 4.51% and a net margin of 70.22%.
Angel Oak Mortgage REIT Stock Performance
NYSE AOMR traded up $0.15 on Friday, hitting $9.73. 88,343 shares of the company's stock were exchanged, compared to its average volume of 104,279. The firm has a market cap of $228.76 million, a price-to-earnings ratio of 3.31 and a beta of 1.47. The firm's 50-day moving average price is $9.98 and its two-hundred day moving average price is $10.00. Angel Oak Mortgage REIT has a fifty-two week low of $8.88 and a fifty-two week high of $13.32. The company has a debt-to-equity ratio of 5.29, a current ratio of 5.76 and a quick ratio of 5.76.
Angel Oak Mortgage REIT Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a $0.32 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 13.16%. Angel Oak Mortgage REIT's payout ratio is currently 112.28%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Angel Oak Mortgage REIT from $12.00 to $11.00 and set an "overweight" rating for the company in a research note on Wednesday. Janney Montgomery Scott assumed coverage on Angel Oak Mortgage REIT in a research report on Thursday, January 2nd. They issued a "buy" rating and a $13.00 price target on the stock. B. Riley raised Angel Oak Mortgage REIT to a "hold" rating in a research note on Tuesday, January 7th. Finally, Jones Trading reiterated a "buy" rating and issued a $12.50 target price on shares of Angel Oak Mortgage REIT in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $12.08.
Get Our Latest Analysis on Angel Oak Mortgage REIT
About Angel Oak Mortgage REIT
(
Get Free Report)
Angel Oak Mortgage REIT, Inc, a real estate finance company, focuses on acquiring and investing in first lien non- qualified mortgage loans and other mortgage-related assets in the United States mortgage market. It offers investment securities; residential mortgage loans; and commercial mortgage loans.
Read More
Before you consider Angel Oak Mortgage REIT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Angel Oak Mortgage REIT wasn't on the list.
While Angel Oak Mortgage REIT currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
